Equinor ASA (Equinor ASA) Long-Term Capital Lease Obligation : $2,214 Mil (As of Mar. 2024)

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What is Equinor ASA Long-Term Capital Lease Obligation?

Equinor ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,214 Mil.

Equinor ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($2,283 Mil) to Dec. 2023 ($2,291 Mil) but then declined from Dec. 2023 ($2,291 Mil) to Mar. 2024 ($2,214 Mil).

Equinor ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2,449 Mil) to Dec. 2022 ($2,409 Mil) and declined from Dec. 2022 ($2,409 Mil) to Dec. 2023 ($2,291 Mil).

Equinor ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Equinor ASA's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equinor ASA Long-Term Capital Lease Obligation Chart

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,191.00

3,220.00

2,449.00

2,409.00

2,291.00

Equinor ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,459.00	2,282.00	2,283.00	2,291.00	2,214.00

Equinor ASA (NYSE:EQNR) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Equinor ASA Long-Term Capital Lease Obligation Related Terms

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Equinor ASA (Equinor ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (NYSE:EQNR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:Sweden EQNR:Norway EQNR:Mexico EQNRo:UK 0M2Z:UK DNQA:Germany DNQ:Germany DNQ:Germany DNQA:Germany DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.